Public Sector Pension Investment Board Sells 300 Shares of Pembina Pipeline Co. (NYSE:PBA)

Public Sector Pension Investment Board lowered its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 0.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 170,526 shares of the pipeline company’s stock after selling 300 shares during the quarter. Public Sector Pension Investment Board’s holdings in Pembina Pipeline were worth $7,037,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cetera Advisors LLC raised its holdings in Pembina Pipeline by 248.9% during the 1st quarter. Cetera Advisors LLC now owns 31,948 shares of the pipeline company’s stock valued at $1,129,000 after acquiring an additional 22,790 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Pembina Pipeline by 7.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company’s stock valued at $527,000 after purchasing an additional 860 shares during the period. Triasima Portfolio Management inc. lifted its holdings in Pembina Pipeline by 49.2% during the 2nd quarter. Triasima Portfolio Management inc. now owns 784,516 shares of the pipeline company’s stock worth $29,095,000 after purchasing an additional 258,575 shares in the last quarter. Cetera Investment Advisers boosted its stake in Pembina Pipeline by 105.1% in the 1st quarter. Cetera Investment Advisers now owns 48,237 shares of the pipeline company’s stock worth $1,705,000 after purchasing an additional 24,717 shares during the period. Finally, Fiera Capital Corp grew its holdings in Pembina Pipeline by 15.5% during the 3rd quarter. Fiera Capital Corp now owns 1,196,390 shares of the pipeline company’s stock valued at $49,381,000 after buying an additional 160,946 shares in the last quarter. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PBA has been the topic of a number of recent analyst reports. UBS Group began coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They issued a “neutral” rating on the stock. Raymond James started coverage on shares of Pembina Pipeline in a research report on Friday, October 11th. They set an “outperform” rating for the company. Finally, Citigroup increased their price objective on Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Pembina Pipeline has an average rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Price Performance

PBA stock opened at $41.37 on Friday. The firm has a 50 day simple moving average of $42.00 and a two-hundred day simple moving average of $39.49. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The stock has a market cap of $24.02 billion, a PE ratio of 17.10 and a beta of 1.25. Pembina Pipeline Co. has a one year low of $32.39 and a one year high of $43.44.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 annualized dividend and a yield of 6.67%. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s payout ratio is 84.30%.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.